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Rich countries around the world during the Covid-19 crisis were unable to use conventional, temporary changes in monetary policy to stimulate their economies because they
Rich countries around the world during the Covid-19 crisis were unable to use conventional, temporary changes in monetary policy to stimulate their economies because they were already at the "zero lower bound". Using our AA/DD framework, discuss two other policy options a country in this situation can use to stimulate output in the short-run
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